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Ascott REIT 3Q DPU falls 28% to 1.69 cents on one-off items

Stanislaus Jude Chan
Stanislaus Jude Chan10/24/2017 07:52 AM GMT+08  • 3 min read
Ascott REIT 3Q DPU falls 28% to 1.69 cents on one-off items
SINGAPORE (Oct 24): The manager of Ascott Residence Trust (Ascott REIT) has declared a distribution per unit (DPU) of 1.69 cents for the 3Q ended September, down 28% from 2.35 cents a year ago.
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SINGAPORE (Oct 24): The manager of Ascott Residence Trust (Ascott REIT) has declared a distribution per unit (DPU) of 1.69 cents for the 3Q ended September, down 28% from 2.35 cents a year ago.

However, adjusted for one-off items, rights issues and equity placement, DPU would have risen by 1% to 2.18 cents, compared to adjusted DPU of 2.15 cents a year ago.

The adjustment excludes one-off realised foreign exchange gain, the effects of rights issue in March 2017 to fund the acquisitions of Citadines City Centre Frankfurt, Citadines Michel Hamburg and Ascott Orchard Singapore, as well as equity placement in March 2016 to fund the acquisition of Sheraton Tribeca New York Hotel in the US.

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